Insurance Terminology

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Across
  1. 1. The maximum amount a policy will pay, either overall or under a particular coverage
  2. 7. An estimate of the cost of insurance, based on information supplied to the insurance company by the applicant
  3. 11. A temporary or preliminary agreement which provides coverage until a policy can be written or delivered
  4. 13. Persons or organizations that are provided with insured status by the terms of the policy
  5. 17. Being legally responsible for a third party’s injury or damages
  6. 18. A professional who represents the consumer in searching for the best policy to fit their needs
  7. 19. A change in the policy that adjusts the coverage
  8. 21. The termination of insurance coverage during the policy period
  9. 22. Coverage for all sums that the insured becomes legally obligated to pay because of bodily injury or property damage, and sometimes other wrongs, to which an insurance policy applies
  10. 23. An interest by the insured person in the value of the subject of insurance
  11. 24. provides coverage for incidents that happen during your policy period, regardless of when you file a claim
  12. 26. The process of selecting applicants for insurance and classifying them according to their degrees of insurability so that the appropriate premium rates may be charged
Down
  1. 2. Person or Org purchasing the insurance
  2. 3. Person who investigates an insurance claim and determines how much or if a claim will paid
  3. 4. Amount you pay to an insurance company in exchange for coverage under the policy
  4. 5. Contract between the Insurance company and the Insured that defines conditions
  5. 6. The amount of the loss which the insured is responsible to pay before benefits from the insurance company are payable
  6. 8. Amount of a claim the insured covers before the insurance company pays
  7. 9. Notice to an insurer that under the terms of a policy, a loss may be covered
  8. 10. Org that is providing the insurance and will pay claims
  9. 12. A person or organization not automatically included as an insured who is included at the request of the named insured
  10. 14. First person or organization listed on the policy declarations page
  11. 15. A document from an insurer to show you have business insurance
  12. 16. Professional who sells an insurance company’s products to a business or consumer
  13. 17. Your business insurance claims history
  14. 20. Date the policy ends or expires
  15. 25. Date the policy goes into effect or begins